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Search Results 0 to 26 of about 27 (some duplicates have been removed)
from going over the so-called fiscal cliff. they say if president obama and congress don't make a deal we will almost certainly see a recession. do you buy that, steven? >> the congressional budget office is a nonpartisan group that does this and says we will in fact have an immediate rescission. they say that we come out of a short, sharp recession stronger than we would be if we didn't go into that recession in the first place. we stop borrowing money from the future to prop us up now. we have the immediate problems but in the long term we are in gets shape. that's what they are grappling this. how do they best structure this to do the least amount of damage now but get us to the good economy in the future. >> reporter: if you look up a research paper from the president's own economist you'll find in the long run we are healthier, short run, yeah, it's painful. is that what motivates some of the republicans that, you know, what are called chuckle heads, but maybe in the end they are wisdom heads. >> that is certainly part of the motivation there. the other part of the motivation, and
and hazmat crews are on the scene. gregg: president obama is apparently cutting his hawaiian vacation short heading back to washington tonight to restart the negotiations on the so-called fiscal cliff. if mr. obama and congress can not agree on a stopgap measure, automatic hikes and spending cuts will hit americans jan 1. peter doocy live in washington with more on this peter, what is the latest? >> reporter: gregg, the president said on friday he would see it this week and maybe if lawmakers went back to home districts to drink eggnog and eat cookies and sing christmas carols maybe they would be more in touch with the hardship so many americans are going to face if the fiscal cliff is not avoided. >> there is a mismatch right now between how everybody else is thinking about these problems. democrats and republicans, outside of this town and how folks are operating here and we've just got to get that aligned. >> reporter: the president's wife and daughters are going to stay in hawaii to continue vacationing. we're told the president may rejoin them or he may not. it all depends on how negot
90 hours to go until the fiscal cliff kicks in, president obama and top members of congress meet today at the white house, and the house will hold a rare session on sunday. but there are no signs that any proposals are taking shape that both sides can agree on. >>> and now for a look at what is trending today, our quick roundup of what has you talking online. every day thousands of people update social media sites like facebook and twitter when they get sick. now sickweather.com is scanning those sites to help predict outbreaks of illness like the flu, letting you take your ge germophobia. >>> well, bravo is giving us a sneak peek inside lindsay lohan's bedroom for an upcoming episode of "million dollar decorators." they agree that the mirrored bed frame has got to go. you can see the full episode january 1st on bravo. >>> miley cyrus' cover of dolly parton's j"joline" is going viral. she just released the sessions she did with her band over the summer. here's a listen. ♪ joline, joline, joline >> video was only posted this week, but it was shot before miley got her new distinc
cliff. no to a cat food christmas. >> as president obama meets with congressional leaders at the white house, we speak outgoing democratic congress member dennis kucinich about the so- called fiscal cliff and a bill to continue the controversial domestic surveillance program. then, will the government -- of nerve north carolina pardon the wilmington 10? >> it is not a secret an injustice has been done. now, governor perdue has an opportunity to right the wrong. we cannot go back to 1980. this is 2012. >> the north carolina governor is being urged to pardon a group of civil rights activists were falsely convicted and imprisoned 40 years ago for the firebombing of a white owned grocery store. the conviction was overturned in 1980, but the state has never pardon them. we will speak with one of the wilmington 10 who served eight years behind bars and it became head of the naacp. all of that and more coming up. this is "democracy now!," democracynow.org, the war and peace report. i'm amy goodman. president obama is set to meet with congressional leaders at the white house just three days be
continues this weekend as congress is scheduled to return tomorrow. here is what senate majority leader harry reid and minority leader mitch mcconnell had to say yesterday from the senate floor after their meeting with president obama. >> i talked to the republican leader bob this is generally -- about this generally. we had a constructive meeting. i hope something positive will come from that. the republican leader and i and our staffs are working to see what we can come up with. but it should not take a long time to do that. but it would be in everyone's interest if we were in session tomorrow. we have another vote that has been set up >> you were talking about sunday, right? >> yes. we're going to have another caucus a following that, and hopefully by that time we will have made a determination, senator mcconnell and i, and we can do something on the floor in addition to what i talked about. we do need that time to have everybody kind of step back a little bit. if we come up with something, it is not that easy. we're dealing with big numbers. i think it was a very positive meeting. t
.c., early sunday. >>> and in honolulu, president obama and the first lady attended a memorial service for senator daniel inouye, the world war ii veteran who died last week at age 88 after serving nearly 50 years in congress. >>> the markets will be open for a half day today and closed tomorrow for christmas. a traditionally quiet week could become hellish for traders. as fiscal cliff talks drag into the 11th hour with $600 billion in tax hikes and spending cuts due to kick in early next year, lawmakers will get back to the table later this week after house speaker john boehner's plan b failed to get enough republican support for a vote last week. >>> still, the market has been resilient. despite friday's decline, the s&p 500 posted its best week in four. and with just five trading sessions left in 2012, the dow has advanced 8% while the s&p 500 climbed 13. the nasdaq has jumped 16%. >>> reports are due this week on pending home sales. sales of new homes and a look at home prices in the nation's 20 largest cities. >>> are you still not sure what to get for the person who has everythin
, the vatican. >>> president obama is in hawaii for christmas. the president is expected to spend a quiet day with his family. with the president and congress on a short holiday break, there's been no movement on fiscal cliff negotiations. before he left washington, the president said he believes a deal could be made before the december 31 deadline. >>> u.s. troops celebrated their 12th consecutive christmas in afghanistan. service men and women attended a service at the nato base in kabul, sang some carols, then enjoyed a holiday dinner. >>> and coming up on the "morning news," he may be messy funny, jack klugman from "the odd couple "has died. a look back at his remarkable career. [ female announcer ] introducing u the latest coffee machine from nespresso. modular. intuitive. combines espresso and fresh milk. the new u. nespresso. what else? available at these fine retailers. >>> firefighters in california battled a raging river yesterday to rescue a homeless man. he was living on an island in the los angeles river and got into trouble after a fast-moving storm tore through the area. rescue
>> what do we expect in terms of movement in this area for the second term of president obama? >> i think we still have split control of congress said there is a limit to what he can do on his own. he will try to use the regulatory process and executive authority like he did to do what he can, but he can't appropriate money. i think there are some things that members of congress will agree with. disclosure does not cost money, were very little money, it is likely to be favored by both sides. the reauthorization of the higher education act. it might not happen on time, if we look at the last authorization that was supposed to happen in 2003, they had 13 extension bills. i hope it doesn't take that long this time around. there will be a lot of proposals for major changes. then by redesign the student loan programs. they might redesign the grant programs. it is worth commenting on. >> i know that there is certainly aware of it. they have been hearing about this problem, that is one thing that does not require congressional action. the consumer financial protection bureau is the new game in t
, president obama and the first lady attended a memorial service for senator daniel inouye, the world war ii veteran who died last week at age 88 after serving nearly 50 years in congress. >>> now to new comments from mitt romney's oldest son that have gotten a lot of people talking. it's been seven weeks since the election and there has been a steady stream of behind-the-scenes details coming from both campaigns. now comes the revolution from tag romney that his father had no desire to run for president at least at first. we have more on that from boston. >> i have just called president obama to congratulation him on his victory. >> reporter: as mitt romney, top gop leaders continue assessing how he lost the election to a vulnerable president, the oldest son is raising eyebrows about his dad's initial reluctance to make another run. tagg romney said he wanted to be press less than anyone else in the world. if he could have found someone else to make the run, he would have stepped aside. >> i do know that there were very serious discussions and concerns at the time before he decided to run a
of the people in congress and how to play on those weaknesses and strengths. obama doesn't seem to have that skill set to have human nature as a way of getting done and i think this is my 11th book. >> when you say to some of the critics? >> well, some of the criticisms about the accuracy of the stories they tell an executive. >> the fact of the matter is that as far as i know, there hasn't been a single fact that has been challenged in any kind of credible way. kids in school are, you know, they call each other names. when it comes to the credibility of my reporting, i don't think anyone has laid a glove on the yet enact how many years? >> 12 years of editor-in-chief in "the new york times" magazine. >> many of my books have been in vanity fair. it has one of the most rigorous fact checking departments in the magazine business. all of these books, not a single discrepancy has been found. >> you are interviewing jeremiah wright. what was that like? >> it was on the record and tape recorder. we sat down for three hours. we were sitting the way you and i were sitting. you know, it was an
or grow the economy. there has been very little discussion about growth. congress did something great and president obama signed it. it was called the jobs act. it was about growth and a lot of growth through innovation. what it did is made easier forebitt entwhistles to raise money. they could crowd funds, go out to more people before having these commission regulations, they could do many other things they couldn't do under the present law. but it did require the security and exchange commission to issue some rules. it turns out those rules have still not been issued. it's been about a year now and they've been held up because the chairman of the sec, chairwoman, shapiro, no relation to me, decided to sit on them because she was concerned about her legacy, according to some e-mails. >> dave: here is what patrick mchenry, congressman said about all of this. quote, a direct result of pressure from one special interest group and the personal agenda of the chairman. where does this go from here? has it just been permanently shelfed? >> no. it can't be permanently shelfed because there i
. thank you very much, everybody. >> president obama talking about a possible up or down vote if congress cannot come to an agreement that both houses can agree on. after his meeting earlier today we heard from senate majority leader harry reid and mitch mcconnell and let's hear what they had to say from the floor of the senate. >> what plans we were talking about is that everyone knows we've been to the white house, we had a constructive meeting. we hope that something will -- positive will come out of that. we're working to see what we can come up with. we shouldn't take a long time to do that. i think it would be to everyone's interest that we're not in session tomorrow. my plan to come in at 1:00, we have an hour in our previous agreement that we have. there's an hour of debate, we will have a vote, we have another vote that has been set up. >> you're talking about sunday, right? >> sunday, right. the vote will start a little after 2:00 and for us we're going to have another caucus following that. hopefully by that time we will make that determination senator mcconnell and i will do s
of schatz is flying to washington with president obama he is expected to be sworn in later. those are the headlines for you. >> clayton: we'll talk the scal cliff. today is the twenth. a few days left for congress and the president to get their act together. the president took a red eye flight back from hawaii. why did congress and the president go on raication at all. >> yeah, we all go to work. >> there is nothing on the table . kelley. >> a lot of people feel they are left in the lurch by the president and congress. and they didn't get the job done . here's what we are facing. we are teetering on the edge of the fiscal cliff. there are many members in congress who disaagree raising of tax. the president had gone up to $400,000 when house speaker boehner would raise the tax hikes . but the sticking point is enments and spending. >> clayton: the republicans saying that the president and democrats not forth coming enough on entitlements. here's what will unfold in a few short days as we break this down to you. >> put your seat belts on, people. >> clayton: tax rates will hit these
we expect in terms of movement in this area for the second term of president obama? >> i think we still have split control of congress said there is a limit to what he can do on his own. he will try to use the regulatory process and executive authority like he did to do what he can, but he can't appropriate money. i think there are some things that members of congress will agree with. disclosure does not cost money, were very little money, it is likely to be favored by both sides. the reauthorization of the higher education act. it might not happen on time, if we look at the last authorization that was supposed to happen in 2003, they had 13 extension bills. i hope it doesn't take that long this time around. there will be a lot of proposals for major changes. then by redesign the student loan programs. they might redesign the grant programs. it is worth commenting on. >> i know that there is certainly aware of it. they have been hearing about this problem, that is one thing that does not require congressional action. the consumer financial protection bureau is the new game in town
congress, their belief is they are doing precisely what the people who elected them wish to do, which is rollback obama initiatives to cut spending. a lot of them thought the debt ceiling should not be increased under any circumstances and to that degree feel like i was. they basically believe their job is to obstruct barack obama and once there is a republican president in place from the two pass this initiative secreted better business climate, more and more deregulation committee funding of programs that have never quite been near and dear to them. of course to flash forward a day, i suspect we'll talk about the debt ceiling fiasco of 2011. after that summer undertaken to the brink of a fiscal cliff, the thinking on the house republican leader ship is maybe a tea party freshmen will go homehome, get yelled at by constituents and realize maybe compromise is not such a bad thing. they went home and the people who put at town halls tend to be that this is their party and those people tend to be tea party and they said why did video? you said you would not under any circumstances raise
with our colleagues and the congress and the white house on a plan that forgets families and businesses. >> we don't know if president obama will make it back to hawaii to finish his family vacation. we're told it all depends how negotiations go. back to you. >> gretchen: peter doocy live in d.c thanks very much. >> rick: are you ready for your taxes to go up? we've been talking about the fiscal cliff and we know that potential huge tax increase for us. even if they come up with a way, your taxes are going up. >> clayton: because of obamacare and the spending we're about to put forth for that is going to go into effect in 2013. we went through this. we'll start at the top because a 3.8% surtax on investment income will take place. 3.8% on individuals for $200,000 or married couples with a $250,000 a year income. >> gretchen: also a cap on the flexible and spending accounts that maybe you have become accustomed to. remember those are tax free dollars you can take out of your paychecks ahead of time to pay for medical expenses and even in some cases, daycare. there is going to be changes
. same congress, same senate same president. so should we expect change? i'm not that sure. >> therefore the re-election of president obama was a good thing or bad thing you think? >> well, i don't ever get into politics as you know, charlie. i've always said i'm not right wing or left wing, i'm for the whole bird. >> evidently, god wanted president obama, he had a purpose for him, to be re-elected. do i follow that? what's the disconnect between those thoughts? god has a purpose -- >> we don't know god's purpose in a lot of events. i mean, i was at the notre dame/usc game on saturday night. people were praying for both sides to win. i don't think god has an opinion. >> god didn't care? >> god didn't have an opinion in that. >> but god does have an opinion in your life -- >> god's more interested in your character than your career. you're not taking your career to heaven. you are taking your character. so really what you do is not nearly as important as who you've become. and i would say god is extremely interested in who barack obama's becoming or who mitt romney's beco
morning. i would like to make a general comment about the congress and the senate. somehow they have gotten off track for the american people. they need to bring jobs back to the united states. president obama promised in his campaign to lower the corporate tax rate, which i believe would bring some corporations back to set up their factories of in america and said of china, india, brazil. it just seems like congress and our leaders in general are trying to bring america down equal to the other nations of the world. i believe it is all headed for a one world government. they have to knock america down before they can get us equal with the other countries in the world. we are building the other countries up. it's a cinch to me like our leaders reject i agree with the last caller, there should be term limits. after they are in there so long, their interest is not in helping america. it seems to me like they are positioning for money in their own pockets or they become lobbyists. this secreted a law that they should not be able to become lobbyists for a few years sucker they leave congr
it is not all that rare. kelly? kelly: jamie, thanks. right now president obama is cutting his vacation short to head back to washington and jump-start the fiscal cliff negotiations with congress. talks fell apart before christmas. the deadline now is just days away and there is no deal in sight to avoid the tax hikes and spending cuts set to go into effect january 1st. our juan williams is a fox news political analyst and he joins us today and very quickly, juan, merry christmas to you. >> merry christmas, kelly. kelly: this is daunting task facing congress to avert the so-called fiscal cliff that will set into motion more than $600 billion in drastic and draconian allic tax hikes and spending cuts. that will cause a lot of pain for all americans and does congress have enough time to act on this? >> they do. you know it will be very close and it may in fact go beyond the deadline per se although people are thinking at the moment it is possible to get something done by the end of this week. the key here, kelly, is the senate. we have been so focused on the house, speaker boehner, plan. about,
they are voting at state level and local level, you will get a different picture. we have a republican congress, a pretty conservative republican congress. people were comfortable voting for those folks. we look at governors, we have 30 republican governors now. so, many of the same people split their vote. they went for barack obama on the national level and when four republicans on local level. it is always more complicated. host: what is the future been like for the republican party? guest: we have no future. haven't you heard? we are done and finished. host: how do they deal on what seal -- guest: do have to argue for your point of view. i do not think we made a good argument at a national level. again, the argument was made effectively at the state level. there are 30 republican governors. that is a pretty big majority. there are a group -- majority of republicans in the house. at the national level, people can talk about whether the messenger was week, whether mitt romney was a great candidate and not. i did not think very many people think it was a great candidate. pit bull think he was
clear throughout the 112 congress. eric cantor the majority leader is a bit different, somewhat younger than boehner, a very clever guy, very very ambitious. he has his own channel to the obama white house as he and vice president biden are very close and i think they found they need each other i believe it was biden and this would not surprise any of you that was leaking to eric cantor that speaker boehner was pursuing separate talks with obama during the so-called -- in which eric cantor was a part. this may cantor livid and he walked out of those talks because of the dynamics going on with boehner. does this sound childish to you? >> the question i'm going to ask is that eric cantor walked past john boehner leaving out an open window -- window he would not hesitate to push him with a? >> for one 11 thing boehner is an even tempered so is boehner. unless the moment is absolutely right you tend not to be able to get ahead by declaring. >> the there is a -- between cancer and boehner. >> working more or less in the middle is the majority whip kevin mccarthy. mccarthy has, he has only
. the very first thing when he's elected to congress, the very first thing he does is propose -- how does that answer your question? >> a history lesson. >> the point i was trying to record, i can go on forever, but book, in the obama chapter, president obama. no, he's always been consistent on this. >> any other questions? all right. well, thank you both so much for[applause] national captioning institute] [captions copyright national cable satellite corp. 2012] >> here is what is coming up on christmas day. a look at women in leadership position. several holiday celebrations from around washington, d.c. we looked at the biggest foreign policy events of the year. >> i was handing out leaflets for robert kennedy. i broke with the democratic party and went to work for john lindsay. i went down to the liberal party. i was handing out leaflets on a street corner in new york. and a woman thought it was acucute. she asked me why and i made an early case for lindsey and i made the case against his opponent. she handed me a box of pastry. i took a back to headquarters. there were all these dough
? ♪ ♪ na na na na na na na na ♪ and everybody go uh! >>> we told you last hour president obama is spending his last few hours in hawaii before returng early to washington. he's expected to arrive tomorrow, just five days ahead of the fiscal cliff, which includes an across the board tax hike that congress has tried but failed to undo. cnn's dana bash is with us from washington, our senior congressional correspondent. we spoke last hour. you told us that hour speaker john boehner was to convene this conference call to decide whether or not to call the house back into session. we know the senate is supposed to convene, but nothing can, of course, take place until the house is in session as well. do we know the results of that conference call? will boehner reconvene the house? >> reporter: i'm told by a source familiar with the call, which just happened within last hour, as you said, that no decision was made on the schedule or timing for the house. as we talked about an hour ago, the leaders in the house have promised the members that they won't be called back without 48 hours notice. so at t
Search Results 0 to 26 of about 27 (some duplicates have been removed)